It is, as Texas Gov. Rick Perry so controversially remarked, a Ponzi scheme, and as with every other Ponzi scheme, those who got in early get theirs, and those who came later get fleeced.
So what do we do? Well, when a thing is unsustainable — as all of our entitlement programs are — then they must be made sustainable or end. And the sooner that we do this, the less will we all have to suffer.
Imagine my dismay, then, upon reading in National Journal that Sens. Charles E. Schumer and Richard J. Durbin announced that Senate Majority Leader Harry Reid is “not bringing entitlements to the table” in fiscal cliff negotiations.
In that case, all I can say is: End Medicare. Vote Democrat.
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